Division of Enforcement Director to step down in October

According to CFTV.gov, the Commodity Futures Trading Commission has stated that the current Division of Enforcement Director, David Meister, will be stepping down from his position in October. A graduate of the Columbia University School of Law, David Meister was quite prolific during his time as Director,...

Gensler’s assessment of the CFTC: A Summary

Chairman of the Commodity Futures Trading Commission (CFTC) Gary Gensler seemed to be overall satisfied with the CFTC’s current progress and future plans as he spoke in front of the International Group of Treasury Associations and the U.S. Chamber of Commerce recently. Beginning his speech, Chairman...

Gensler: CFTC Faces Challenges Implementing Volcker Rule

On Tuesday July 30th, Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), testified before US Senate Committee that one of the largest issues the CFTC will confront in the coming years is the implementation of the Volcker Rule, which will prohibit all banks from doing proprietary...

CFTC Reviewing Over 1 Million E-mails in ISDAfix Interest-rate Swaps Investigation

CFTC investigators are reviewing over one million e-mails and instant messages as part of an investigation into possible price manipulation of ISDAfix interest-rate swaps. The electronic communication search comes just a few months after the records were collected under subpoena for evidence that the...

Major Banks Argue that Libor Lawsuits Should be Thrown Out

Lawyers for a number of the world’s biggest banks have asked a U.S. judge to throw out a collection of lawsuits accusing them of manipulating Libor, key interest rates, and cheating investors out of billions of dollars. The banks involved in the lawsuit include Bank of America Corp, JPMorgan Chase...